Consumer Price Index CPI in Australia increased to 139.40 points in the fourth quarter of 2024 from 139.10 points in the third quarter of 2024. This dataset provides - Australia Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the Consumer Price Index (CPI) in Australia had risen to an all time high of 136.1points. In Australia, the CPI measures changes in the prices paid by consumers for a basket of goods and services. The CPI in Australia has risen steadily for decades.

Key information about Australia Consumer Price Index CPI growth

• Australia Consumer Price Index (CPI) growth was measured at 2.4 % YoY in Dec 2024, compared with a rate of 2.9 % in the previous quarter.
• Australia Consumer Price Index growth data is updated quarterly, available from Dec 1987 to Dec 2024, with an averaged number of 2.5 % YoY.
• The data reached an all-time high of 8.5 % YoY in Mar 1990 and a record low of -0.3 % YoY in Jun 2020.

Over the twelve months preceding December 2023 quarter, the Consumer Price Index (CPI) in Australia grew 4.1 percent. This is a drop of 3.7 percent from the previous December. The CPI measures the average change in prices of a fixed basket of goods and services, purchased by household residents in Australia's eight state and territory capital cities.

Monthly CPI Indicator in Australia decreased to 2.40 percent in February from 2.50 percent in January of 2025. This dataset includes a chart with historical data for Australia Monthly CPI Indicator.

Australia Consumer Price Index (CPI): MoM data was reported at -0.240 % in Jan 2025. This records a decrease from the previous number of 0.805 % for Dec 2024. Australia Consumer Price Index (CPI): MoM data is updated monthly, averaging 0.283 % from Oct 2017 (Median) to Jan 2025, with 88 observations. The data reached an all-time high of 1.654 % in Jul 2020 and a record low of -1.240 % in Apr 2020. Australia Consumer Price Index (CPI): MoM data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I002: Consumer Price Index: Sep 2017=100: Monthly.

The statistic shows the inflation rate in Australia from 1987 to 2022, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Australia was at about 6.61 percent compared to the previous year.

Australia's economy

Australia has one of the world’s largest economies and is a significant global importer and exporter. It is also labeled as one of the G20 countries, also known as the Group of Twenty, which consists of 20 major economies around the globe. The Australian economy is highly dependent on its mining sector as well as its agricultural sector in order to grow, and it exports the majority of these goods to eastern Asian countries, most prominently China. Large quantities of exports have helped Australia maintain a stable economy and furthered economic expansion, despite being affected by several economic obstacles.

Australia’s GDP has seen a significant increase over the past decade, more than doubling its value, and experienced a rather quick recovery from the 2008 financial crisis, which indicates that the country experienced economic growth as well as higher productivity. One of the primary reasons is the further development of the nation’s mining industry coupled with the expansion and success of many Australian mining companies.

In December 2023, the Consumer Price Index (CPI) in Adelaide, Australia recorded a change of 4.8 percent, higher than any other capital city in the country. The CPI measures household inflation. Hobart and Perth saw the lowest change with around three percent.

Weighted Median CPI YoY in Australia decreased to 3.40 percent in the fourth quarter of 2024 from 3.70 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia RBA Weighted Mean CPI YoY.

Australia Consumer Price Index (CPI): YoY data was reported at 2.568 % in 2026. This records an increase from the previous number of 2.258 % for 2025. Australia Consumer Price Index (CPI): YoY data is updated yearly, averaging 3.286 % from Dec 1961 (Median) to 2026, with 66 observations. The data reached an all-time high of 15.417 % in 1974 and a record low of -0.319 % in 1962. Australia Consumer Price Index (CPI): YoY data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Annual. CPI_YTYPCT- Headline inflation The CPI year-on-year changes is a measure of inflation

Core Consumer Prices in Australia increased to 138.98 points in the fourth quarter of 2024 from 138.28 points in the third quarter of 2024. This dataset provides - Australia Core Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trimmed Mean CPI QoQ in Australia decreased to 0.50 percent in the fourth quarter of 2024 from 0.80 percent in the third quarter of 2024. This dataset includes a chart with historical data for Australia RBA Trimmed Mean CPI QoQ.

Key information about Australia Core CPI Change

• Australia Core CPI Change was reported at 2.715 % in Dec 2024.
• This records a decrease from the previous number of 3.104 % for Sep 2024.
• Australia Core CPI Change data is updated quarterly, averaging 2.591 % from Dec 1987 to Dec 2024, with 149 observations.
• The data reached an all-time high of 7.648 % in Dec 2022 and a record low of 0.434 % in Jun 2020.
• Australia Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Quarterly.

Inflation Expectations in Australia decreased to 3.60 percent in March from 4.60 percent in February of 2025. This dataset provides - Australia Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Consumer Price Index (CPI): Weights: Communication: Communication: Telecommunication data was reported at 2.020 % in Dec 2024. This stayed constant from the previous number of 2.020 % for Sep 2024. Australia Consumer Price Index (CPI): Weights: Communication: Communication: Telecommunication data is updated quarterly, averaging 2.320 % from Sep 2017 (Median) to Dec 2024, with 30 observations. The data reached an all-time high of 2.590 % in Sep 2019 and a record low of 2.020 % in Dec 2024. Australia Consumer Price Index (CPI): Weights: Communication: Communication: Telecommunication data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I010: Consumer Price Index: Weights: 17th Series.

Australia Consumer Price Index (CPI): Weights: Health: Medical Products, Appliances & Equipment: Therapeutic Appliances & Equipment data was reported at 0.140 % in Dec 2024. This stayed constant from the previous number of 0.140 % for Sep 2024. Australia Consumer Price Index (CPI): Weights: Health: Medical Products, Appliances & Equipment: Therapeutic Appliances & Equipment data is updated quarterly, averaging 0.150 % from Sep 2017 (Median) to Dec 2024, with 30 observations. The data reached an all-time high of 0.160 % in Sep 2023 and a record low of 0.140 % in Dec 2024. Australia Consumer Price Index (CPI): Weights: Health: Medical Products, Appliances & Equipment: Therapeutic Appliances & Equipment data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I010: Consumer Price Index: Weights: 17th Series.

In the June quarter of 2023, the consumer price index (CPI) of alcoholic beverages in Australia had risen to a record 126.4 points. The consumer price index of alcoholic beverages in the country has continued to rise since 2000.

The Regional Price Index contrasts the cost of a common basket of goods and services at a number of regional locations to the Perth metropolitan area. The RPIs were commissioned to assist with the calculation of the Western Australian State Government’s regional district allowance, and it has been used to assist in policy decision-making. Show full description

Australia Consumer Price Index (CPI): Education: Education data was reported at 352.300 1989-1990=100 in Jun 2012. This records an increase from the previous number of 352.200 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Education: Education data is updated quarterly, averaging 160.800 1989-1990=100 from Mar 1982 (Median) to Jun 2012, with 122 observations. The data reached an all-time high of 352.300 1989-1990=100 in Jun 2012 and a record low of 44.800 1989-1990=100 in Dec 1982. Australia Consumer Price Index (CPI): Education: Education data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I008: Consumer Price Index: 1989-90=100.

Australia Consumer Price Index (CPI): Perth: All Groups data was reported at 180.400 1989-1990=100 in Jun 2012. This records an increase from the previous number of 179.500 1989-1990=100 for Mar 2012. Australia Consumer Price Index (CPI): Perth: All Groups data is updated quarterly, averaging 47.750 1989-1990=100 from Sep 1948 (Median) to Jun 2012, with 256 observations. The data reached an all-time high of 180.400 1989-1990=100 in Jun 2012 and a record low of 3.700 1989-1990=100 in Sep 1948. Australia Consumer Price Index (CPI): Perth: All Groups data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I009: Consumer Price Index: 1989-90=100: Eight Capital Cities.